BNY Mellon offers real-time view of collateral

BNY Mellon, a custodian and asset servicing firm, has
improved its AccessEdge collateral management system to give clients a clearer
view of their OTC derivatives exposures.

AccessEdge is a portal which connects broker dealers
with their buy-side clients, enabling the real-time transfer of collateral
needed for repo, securities lending, swaps and central counterparty margin
calls.

The latest enhancement to the system gives users of
AccessEdge the ability to view their collateralised status in real-time via an
interactive dashboard.

The dashboard displays a client’s aggregate collateral
exposure, including the number of unmatched, mismatched or instructions that
are currently open. Users can also view the details of collateral
positions and substituted cash collateral, as well as margin excesses and
deficits.

“The enhancements to our AccessEdge portal make
viewing collateral positions simpler and clearer, increasing transparency for
our clients and helping them to make optimal use of the collateral and assets
at their disposal,” said James Malgieri, executive vice president, global
collateral services, BNY Mellon.

The need for better visibility on collateral across
buy- and sell-side firms will increase following the introduction early next year of new
derivatives rules in the US and Europe. The rules will push a large segment of the swaps market onto
exchange-like platforms and impose central clearing obligations. Buy-side firms
will have to post initial margin against their swaps positions and establish
processes to meet variation margin calls from central counterparties.

BNY Mellon has $27.1 trillion
in assets under custody and administration and manages over $1.8 trillion in
collateral transactions each day.